What is Globalization? What are the advantages and disadvantages of a global free trade to countries in a globalized economy? II. Cite and explain at least 3 forces why businesses engage in globalization? Does the advantages outweigh the risks? If yes, why. If no, why not?

III. Does the Philippines stand to gain from a globalized system of free trade?Explain.

IV. Given the present state of affairs, with the Covid Pandemic still very much in our midst, what "economic behavior" should the Philippines take to stay on top of the prevailing economic difficulties now being experienced by the country?